The concept of BRIC was first put forward by Jim O 'Neill, the chief economist of Goldman Sachs in the United States, in 200 1 year. In 2003, O 'Neill predicted in a research report entitled "A Dream with BRIC Countries" that by 2050, the six new economies in the world would become China, the United States, India, Japan, Brazil and Russia. After the release of Goldman Sachs' report, BRIC countries, as the leaders of emerging market countries, attracted worldwide attention.
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In the process of pursuing their own economic development and social progress, BRICS countries have formed their own unique development path according to their respective resources and industrial advantages.
The BRICS countries represent the interests of emerging economies and developing countries, are an important force in international political and economic changes, and are staunch supporters of international political democratization and a multipolar world.
The formation and development of BRICS countries reflect the quantitative and qualitative changes of contemporary international power contrast, conform to the trend of contemporary international trends, and push the international system forward in a more just and reasonable direction.
Baidu encyclopedia-BRICS countries